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1. We decide to purchase a new vinyl siding to replace the old wood siding on our rental house. The cost is $15,000. The vinyl

1. We decide to purchase a new vinyl siding to replace the old wood siding on our rental house. The cost is $15,000. The vinyl siding should save us $275 a month and/or $3300 a year on our maintenance of repainting wood over 6 years. Our discount rate is 9 percent. Should we purchase it according to NPV and what is that NPV?

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